Property prices for sale in Middelburg (Mpumalanga)

The prices in real estate in Middelburg, in the Mpumalanga region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

R 2 153 887,5
Average price last 6 months
R 6 966,17
Price/m² last 6 months
Average price per m2

The price per m² in Middelburg has increased during the last 6 months. In September, the average price per m² was R 6 554. In the following month the price per m² increased to R 7 349. In the following two months the price per m² has increased 114 %, going from R 6 951,5 to R 7 941 per m². The price per m² has had a considerable deflation of 81 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of R 7 446,25 to R 6 006 during January, and February.

Average price

Based upon to the price in Middelburg (cities & towns), this has gone up in the last 6 months. In our first sample month during September, the average price is R 1 931 466. In October This price remains at R 1 994 744. During the following two months (November, December) the price has had an average incrementation from R 1 963 105 to R 2 101 264. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 2 539 313 they are 74 % more affordable than the average price for Middelburg. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 651 167.

With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of R 3 664 / m², with an average R 5 244 / m² price in Middelburg. The properties with the highest average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at R 5 390 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 2 539 313 it is 79 % cheaper than the average price in Middelburg. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of R 4 352 000 it is 5336 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Commercial" at an average cost of R 4 240 / m² followed by "House" priced at R 4 582 / m². "Farm" is the most costly type of property with a R 138 026 938 / m² cost followed by "Apartment" with an average price of R 7 650 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Middelburg
Number of properties used in region Mpumalanga
R 2 539 313
R 5 244
3 098
25 686
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value